Tag: UK

December 21, 2023

The U.K. and Switzerland on Thursday will sign a post-Brexit financial services deal designed to bring two of Europe’s largest banking centers closer together. British Finance Minister Jeremy Hunt is meeting with his Swiss counterpart, Karin Keller-Sutter, in Bern to […]

March 28, 2023

UK shop prices logged another record increase in March due to the historical growth in food and non-food prices, data from the British Retail Consortium showed Tuesday. The BRC- NielsenIQ shop price index increased 8.9 percent on a yearly basis […]

March 9, 2023

According to the latest data from the Royal Institute for Chartered Surveyors (RICS), the housing market in the UK remains weak. However, RICS’ report suggests green shoots of growth are appearing, which could support the market during the rest of […]

February 21, 2023

The UK manufacturing output declined in February at the fastest pace since September 2020 and selling price expectations slowed to the lowest since early 2021, survey data showed on Tuesday. A net balance of -16 percent of manufacturers said output […]

February 1, 2023

The property market’s slowdown continued into 2023 as house prices fell for the fifth month in a row, according to Nationwide’s latest house price index. House price growth slowed to 1.1% in January from 2.8% in December. Prices fell 0.6% […]

January 26, 2023

UK retail sales volumes dropped at a faster-than-expected pace at the start of the year, and retailers expect them to decline again next month, but at a slightly slower rate, survey data from the Confederation of British Industry, or CBI, […]

December 12, 2022

The average asking price of UK homes fell 2.1% over the last month according to Rightmove’s house price index – the biggest December dip in four years. According to the online property portal, the average asking price of properties on […]

December 9, 2022

Britain is easing banking rules brought in after the 2008 global financial crisis in a bid to attract investment and secure London’s status as Europe’s leading finance center. Treasury chief Jeremy Hunt said Friday that the changes, which follow Britain’s […]

November 17, 2022

The British government was increasing the windfall tax on the profits of oil and natural gas companies in an emergency budget announced Thursday that was aimed at restoring the nation’s economic credibility and patching up its battered finances. Saying the […]

October 24, 2022

The survey of 650 manufacturers and 650 service providers showed that growth was lower than expected and was at a level not seen since the financial crash, if the months of the pandemic are excluded. Scores below 50 on the […]

October 21, 2022

Households will now be paid £3 per kilowatt hour instead of 52p if they avoid high-power activities – such as cooking and using the washing machine – when demand is high during peak hours. The scheme is aimed at easing […]

October 3, 2022

The British government on Monday dropped plans to cut income tax for top earners, part of a package of unfunded cuts unveiled only days ago that sparked turmoil on financial markets and sent the pound to record lows. In a […]

September 28, 2022

The Bank of England took emergency action Wednesday to stabilize U.K. financial markets and head off a crisis in the broader economy after the government spooked investors with a program of unfunded tax cuts, sending the pound tumbling and the […]

September 23, 2022

Britain’s new government on Friday announced a sweeping plan of tax cuts it said would be funded by borrowing and revenues generated by anticipated growth, as part of contentious moves to combat the cost-of-living crisis and bolster a faltering economy. […]

September 21, 2022

UK manufacturers reported a marginal fall in production in the three months to September but they expect a much sharper decline over the coming three months, monthly Industrial Trends Survey from the Confederation of British Industry and Accenture showed Wednesday. […]

September 1, 2022

Last month’s output saw its largest contraction since the height of the pandemic in May 2020, according to the latest S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI). The index dropped to 47.3 from 52.1 in July – numbers above […]

September 1, 2022

House price growth fell to 10% last month, down from 11% in July, but actually increased when taking account of seasonal effects. Meanwhile, house prices have risen by almost £50,000 in two years. “There are signs that the housing market […]

July 11, 2022

The Swiss Franc has emerged as a dark horse ever since the June 16th, 2022 rate meeting. Well, that is not entirely true, the Swiss National Bank (SNB) has a long history of surprise announcements with none more surprising than […]

July 5, 2022

Registrations of new cars plummeted about 24% last month compared with June 2021, according to the Society of Motor Manufacturers and Traders (SMMT). Manufacturers have had problems fulfilling orders due to global shortages of semiconductors, the trade body said. The […]

June 20, 2022

Last week’s rollercoaster ride for FX markets is unlikely to extend through to today as the Juneteenth holiday in the U.S. should come with lower market volatility. Through the Asian session, price action on GBP/USD has been muted with no […]